The dollar slipped to its lowest this year versus the euro on Wednesday as traders braced for potentially crucial revisions to U.S. payrolls data later in the day, ahead of a speech by Federal Reserve Chair Jerome Powell at the end of the week. The U.S. currency also dipped below the closely watched 145 yen…
The dollar hung near a seven-month low on Tuesday on wagers the U.S. central bank will start cutting interest rates from next month, with traders preparing for comments from Federal Reserve Chair Jerome Powell on Friday. The weakness in the dollar lifted the euro to its highest this year, while sterling was perched near a…
The U.S. dollar was struggling to make headway against its peers on Monday, though it traded in a tight range as investors awaited fresh catalysts this week that could offer clues on the outlook for U.S. interest rates. Minutes of the Federal Reserve’s July policy meeting and a speech from Chair Jerome Powell at Jackson…
Oil rose, after falling more than 2% on Tuesday, as an industry report pointed to a sizable drop in US crude stockpiles and tensions simmered in the Middle East. Brent crude climbed to around $81 a barrel, while West Texas Intermediate was below $79. The American Petroleum Institute reported inventories shrank by 5.2 million barrels last week, according…
The dollar index held steady around 103.1 on Tuesday as traders refrained from making big bets ahead of key US inflation figures this week that could confirm whether price growth has continued to stabilize. US producer inflation data will be released later on Tuesday and consumer inflation figures will follow on Wednesday. US retail sales…
The Hang Seng Index opened 0.4% lower at 17,019.84 in Hong Kong. Meituan contributed the most to the index decline, decreasing 2.4%. Galaxy Entertainment Group Ltd. had the largest drop, falling 4.2%. In early trading, 53 of 82 shares fell, while 27 rose; 3 of 4 sectors were lower, led by commerce and industry stocks….
